The news broke this weekend that Staten Island, NYC's least-populated borough, will be building the world's largest Ferris Wheel, set to exceed the heights of the London Eye, Vegas' upcoming High Roller wheel, and the Singapore Flyer (which currently holds the record at 541 feet). Mayor Bloombeg made the announcement on Thursday, and the NY Times followed it up, saying the 625-foot structure will be completed by 2015.

And, since good news comes in threes, it turns out that a new hotel will accompany the opening of the Ferris Wheel. Fun!

Not too many details are known, but CNBC reports that the Staten Island Ferry terminal complex will also include a 350,000 sq ft shopping mall and a hotel. What's more, due to the large scale of the project, this time we can likely look forward to something more substantial than just a Residence Inn (sorry, Bronx.)